Summary
Best Buy warned that Trump’s proposed tariffs on imports from China, Mexico, and Canada could raise prices on consumer electronics, as 60% of Best Buy’s inventory comes from China.
Trump plans to impose a baseline 10% tariff on all imports and a 60% tariff on Chinese goods to boost domestic manufacturing.
Retailers like Best Buy and industry groups like the Consumer Technology Association are preparing for supply chain disruptions by importing goods early or sourcing alternatives to avoid higher consumer prices.
Which part of that cycle was supposed to fix the cost of living problems again? Last I checked, those tariffs aren’t going towards universal basic income or social services.
The part where the monopolies buy up even more of the economy and we all get issued life subscription plans because they can cover everything from our housing to our groceries to our jobs. Don’t worry, your WaLife Plan^tm is tailored to be affordable for your Cashier position.
I can’t be arsed to actually make the meme, so here’s a transcript:
[Drake meme]
Top-left panel: Drake looking away in disgust.
Top-right panel: Cyberpunk 2077
Bottom-left panel: Drake looking pleased.
Bottom-right panel: America 2025
Everything he’s planning is going to have negative effects on the economy…
Deport every? No one to work the jobs most refuse to do… Means food, housing, and other shortages which makes prices go up.
Tariffs? Make everything cost more and force companies to charge consumers.
Reduce education standards? Keep everyone dumb so they vote for us!!!
Tariffs can also backfire like with China and their retaliatory tariffs . Some US companies rely on exports for a large part of their business.
It happened the last time Trump tried it. China slapped a tariff on an ag product, soy (iirc), China stopped buying, the government bailed out the farmers. Everyone lost except China.
This one kind of makes me a bit sad about the two prevailing sentiments:
Heartless separation of families and forcing immigrants back into dangerous situations, frankly in the name of pursuing an ethnic purity/superiority.
Maintain an illegal labor class of folks constantly under threat of deportation so they have fewer rights and higher fear to exercise the rights they do have, so they can be cheap and abused labor.
The “grant these people legal standing” seems to never be a persistent stance. Closest we got was DACA, and even that was pretty limited. No one dares threaten giving the cheap labor any leverage.
Don’t forget to throw mass Federal layoffs into the mix.
Could be even worse than that. If consumers stop spending in anticipation of the tariffs, starting the cycle even sooner